LICU Eligibility Added to Aug. 14 NCUA Liquidity Webinar

The NCUA has added the topic of Low-Income Credit Union eligibility to its Tuesday, Aug. 14, webinar that will also address coming changes in the ownership of the Central Liquidity Facility and the NCUA’s proposed rule on emergency liquidity.

The webinar is scheduled for 2 p.m. EDT on Tuesday and credit unions can register for the free event on the NCUA’s website.

From 2 p.m. to 3 p.m., CLF President Owen Cole will discuss coming changes in the ownership of the CLF, the CLF’s role in meeting credit unions’ contingent liquidity needs, and issues around the proposed rule on access to emergency liquidity.

From 3 p.m. to 4 p.m., Office of Small Credit Union Initiatives Director William Myers will discuss the recent announcement from NCUA about the streamlined process for receiving the LICU designation.

Participants will be able to type in questions about matters of interest, and can also submit questions in advance at WebinarQuestions@ncua.gov.

For CLF-related questions, the NCUA said the subject line should read “CLF and Your Credit Union’s Contingent Liquidity.” For questions related LICU, the subject line should read “LICU Designation.”